JFrog Reports Strong Q4 Earnings, Exceeding Analyst Expectations
JFrog Ltd. (FROG) announced its fourth-quarter earnings after the market closed on Thursday, exceeding analyst expectations. The company reported earnings per share of 19 cents, surpassing the consensus estimate of 14 cents. Revenue for the quarter reached $116.08 million, exceeding the $114.19 million analysts had predicted. This represents a significant increase compared to the $97.26 million in revenue reported for the same period last year.
JFrog CEO Shlomi Ben Haim attributed the company's success to the evolving landscapes of DevOps, DevSecOps, and MLOps. He highlighted the growing customer demand for comprehensive solutions that unify and secure the software supply chain while enabling responsible GenAI adoption. These transformative shifts, according to Ben Haim, contributed significantly to JFrog's success throughout 2024.
Ben Haim further emphasized JFrog's achievements in 2024, including strong cloud expansion, accelerated platform adoption, and growth in security. These accomplishments, coupled with high operating cash flow and free cash flow performance, have solidified JFrog's position as the single system of record for all types of software packages and AI models. The company remains committed to building on this momentum in 2025.
Looking ahead, JFrog expects first-quarter revenue to fall between $116 million and $118 million, exceeding the $117.37 million estimate. The company anticipates EPS to range from 15 cents to 17 cents, surpassing the 15-cent estimate. For fiscal 2025, JFrog projects revenue between $499 million and $503 million, exceeding the $499.62 million estimate. EPS is expected to range from 67 cents to 69 cents, surpassing the 66-cent estimate.
Following the earnings announcement, JFrog shares experienced a 6.3% increase in after-hours trading, reaching $40.10. This positive response reflects investor confidence in the company's strong performance and future prospects.